Greenko Energy Holdings secured ₹4,800 crore from NaBFID. This funding will retire dollar bonds maturing soon. The loan is for 38 special purpose vehicles with 1 GW renewable capacity. Greenko plans to use the funds for bond redemption this week. The company has a net installed capacity of 11 GW across India. Fitch recently downgraded Greenko’s rating citing project delays.
Paul Black’s 3 thumb rules for identifying great wealth creators
Veteran portfolio manager Paul Black’s investment framework focuses on identifying businesses with competitive advantages that strengthen over time. His three key rules emphasise widening moats,